Common use of Emergency and Other Expenditures Outside Work Programmes and Budgets Clause in Contracts

Emergency and Other Expenditures Outside Work Programmes and Budgets. (a) Without further approval by the Ministry, the Contractor may over-expend, by the lesser of Fifty Thousand United States Dollars (USD $50,000) or ten percent (10%) on any line item in an approved Work Programme and Budget for a Contract Year. (b) Without further approval by the Ministry, the total of all over-expenditures under Article 4.9 (a) under the Work Programme and Budget for that Contract Year shall not exceed the lesser of One Million United States Dollars (USD $1,000,000) or ten percent (10%) of the total expenditures in that Work Programme and Budget. (c) The Contractor shall promptly inform the Ministry if it anticipates (or should reasonably anticipate) that any such limit in Article 4.9(b) will be exceeded and seek an amendment to the appropriate Work Programme and Budget. (d) In determining whether to approve the over-expenditures contemplated at Articles

Appears in 2 contracts

Samples: Production Sharing Contract, Production Sharing Contract

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